TSL Limited listed on the Victoria Falls Stock Exchange on Friday, becoming the 20th company to register on the US dollar-denominated bourse as it seeks deeper capital markets and access to foreign investment.
The listing is expected to open new avenues for foreign-denominated long-term capital and increase its visibility among foreign investors as the diversified agricultural group pursues expansion in the region.
She said each new listing improves market depth, liquidity and investment choice while enhancing the country's visibility among international investors.
TSL chairman Mr Anthony Mandiwanza described the migration from the Zimbabwe Stock Exchange to the VFEX as a strategic decision aimed at positioning the company for its next phase of growth rather than responding to short-term market trends.
He said the listing reflected the board's long-term vision to broaden access to capital markets, unlock shareholder value and strengthen the group's profile among regional and international investors.
"Our decision was deliberate and carefully considered. We chose the VFEX because it aligns with our long-term ambitions and our confidence in Zimbabwe's evolving capital markets architecture," said Mr Mandiwanza.
He noted that TSL's transformation from being a predominantly agriculture-focused company into a diversified business spanning logistics, agricultural inputs, packaging, industrial infrastructure and related services had positioned it well to generate sustainable US dollar earnings while expanding into regional markets.
Mr Mandiwanza said the company would continue strengthening corporate governance, transparency and sustainability as it sought to create long-term value for shareholders while supporting Zimbabwe's export growth, industrial development and job creation.
Representing Finance, Economic Development and Investment Promotion Minister Mthuli Ncube, the director of financial and capital markets, Mrs Judith Rusike, said TSL's listing demonstrated growing confidence in Zimbabwe's economic reforms and capital markets.
She said becoming the VFEX's 20th listed counter reflected the resilience of the private sector and the country's increasing appeal as a destination for long-term investment.
Mrs Rusike said the Government remained committed to maintaining macroeconomic stability, policy consistency and strengthening the regulatory framework to support private sector-led growth.
She added that TSL's diversified operations across agriculture, logistics and market infrastructure made it an important regional player capable of supporting trade integration, export competitiveness and foreign currency generation.
"The decision to list on the VFEX is strategic and timely. Each successful listing strengthens the depth, liquidity and reputation of the exchange while reinforcing the message that Zimbabwe is open for business," she said.
Mrs Rusike also highlighted the company's participation in agricultural markets infrastructure, including the Zimbabwe Mercantile Exchange, saying such partnerships improve price discovery, financing and market access for farmers while linking agriculture with capital markets.
VFEX chairperson Ms Florence Jambwa said TSL's admission to the bourse represented more than another listing, describing it as a vote of confidence in Zimbabwe's financial markets and the exchange's ambition to become a regional international financial platform.
She said TSL's nearly seven-decade history and diversified business model would broaden sector representation on the exchange and provide investors with exposure to one of Zimbabwe's key value chain businesses.
"The decision by an established corporation such as TSL to join this platform reinforces the value proposition of the exchange and sends a strong signal regarding confidence in our market architecture," said Ms Jambwa.
She said each new listing improves market depth, liquidity and investment choice while enhancing the country's visibility among international investors.
Ms Jambwa added that the VFEX would continue expanding its listing pipeline across sectors including mining, manufacturing, tourism and financial services as it strengthens its role within the Victoria Falls International Financial Centre.
The listing reinforces the growing momentum on the VFEX, which has increasingly attracted companies seeking access to foreign currency-denominated capital and a wider international investor base, further supporting Zimbabwe's efforts to position itself as a regional financial hub.